Steem (STEEM): How Risky is It Thursday?

Thursday, April 21, 2022 06:56 AM | InvestorsObserver Analysts

Steem achieves a low risk analysis based on InvestorsObserver research. The proprietary system gauges how much a coin can be manipulated by analyzing much money it took to shift its price over the last 24 hour period along with analysis of recent changes in volume and market cap. The gauge is between 0 and 100 with lower scores equating to higher risk while higher values represent lower risk.

InvestorsObserver is giving Steem a low Risk/Reward Score. Find out what this means to you and get the rest of the rankings on Steem!

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Trading Analysis

The risk gauge rank for STEEM shows the coin is currently a low risk investment. Traders focused on risk assessment will find the gauge most useful for avoiding (or adding) risky investments. The price of Steem is 56.37% lower over the last 24 hours, leading to its current value of $0.55. The change in price goes along with volume being below its average level while the coin's market capitalization has risen during the same time period. The crypto's market capitalization is now $218,264,303.75, meanwhile $307,642,124.05 worth of the currency has been traded over the past 24 hours. The volatility in price relative to the changes in volume and market cap changes give Steem a low risk analysis.

Summary

Recent price movement of STEEM gives the cryptocurrency a low risk score due to past 24 hours of price volatility in relation to volume changes, giving traders reason to be confident on the coin's manipulability at the moment. Click Here to get the full Report on Steem (STEEM).